Canada Mining News

Top uranium producer Cameco posts surprise loss

Weak prices and demand have forced the Canadian company to lower its output forecast for the year.

NASA unveils gold-covered telescope that will put the Hubble to shame

The $10 billion James Webb telescope is equipped with a collapsible honeycomb-like mirror made of 18 gleaming, gold-covered pieces.

Kyrgyz law enforcement agencies search Centerra Gold’s office

They are looking into a dividend paid by Kumtor to Centerra in 2013, which the miner says complied with the country's laws and 2009 agreements governing the project.

CIM, SME partner with EduMine to provide premium courses to members

The mining groups will begin offering the premiere online professional development program to their members later this year.

Barrick ‘is back’ chairman Thornton tells shareholders

Barrick Gold has reduced its debt load, reshuffle management and sold several assets.

Global oil supply could face 4.5 million barrels shortfall — Wood Mackenzie

Current oil oversupply could reverse within 20 years as low oil prices have forced pricers to slash spending on exploration and production, a report by Wood Mackenzie shows.

Stanford University decision to keep fossil fuels holdings triggers uproar

The board of trustees said they didn't believe in divesting from the fossil fuel industry until there are competitive and readily available alternatives.

Nova Scotia's proposed overhaul of mining rules met with criticism, demands

While the province says the proposed ruling will cut red tape, environmental groups claim it doesn't do enough to prevent mining on privately protected lands.

Teck Resources posts better-than-expected profit as costs drop

Canada’s largest diversified miner logged a 38% increased in overall profit for the first quarter of the year.

Barrick Gold swings to quarterly loss, but trims debt further

The world's largest gold producer, reported a quarterly loss, compared with a year-earlier profit, as asset sales impacted production and realized gold prices fell.

Eldorado Gold to sell Chinese mine for $300 million

Jinfeng produced 149,655 ounces of gold in 2015 and is expected to generate 95,000-105,000 ounces of gold this year.

Barrick’s fourth CFO in five years may be what shareholders were waiting for

Most shareholders hope that Catherine Raw persuades management to stop prizing output over profitability and, instead, place more emphasis on investors’ returns.

Broken tax pledge irks Nova Scotia mining industry

The Atlantic Canada province now has two strikes against it in the eyes of Nova Scotia’s mining companies.

Several Canadian firms operating in Guatemala, Eritrea may have civil claims against them heard in Canada

Should the court decide the claim can be heard in Canada, it could have wider implications for Canadian mining companies operating in countries with less than sterling environmental and human rights records.

Seabridge Gold agrees to buy Snipgold Corp

The deal will see Seabridge shareholders gaining exposure to SnipGold’s Iskut project while shareholders of SnipGold receive an immediate 124% premium and exposure to Seabridge’s KSM project, one of the largest undeveloped copper-gold projects in the world.

Gold trading model and COT data are in conflict

Technical Analyst Jack Chan says his trading model is indicating that the gold sector is on a new major buy signal, but the COT data is bearish, so he is waiting for the COT to return to bull market values.

Potash miners hit by increased competition, supply amid low prices

Analysts, companies expect prices to stay below 2015 levels for at least the next two years.

Here's why some say oil sands producers may never recover

With an oil break-even price of about $80 per barrel, any new oil sands projects will only barely make back their investment.

B.C.’s 2016 jade mining season starts on a high note

Jade mining now a $30 million industry in B.C. and local producer plans to increase production by 50% this season

Fortune Minerals announces appointment of former Minister David Ramsay to the Board of Directors

Rebuilding team for NICO development as public highway to Whati & cobalt market advance

Canadian potash companies lack major 2016 supply deal

Not only Canadians, but also producers from Russia and Belarus have yet to sign 2016 contracts with Chinese importers.

The Canadian Shield could host the next bonanza discovery: Eric Lemieux

Gold supply is getting tighter, deposits of quality are getting rarer and the project development timeline is getting longer.

Spill at Teck’s plant in Canada now contained, no risks to human health

The now contained spill, which happened at Teck's Trail smelting and refining plant in British Columbia, lasted for about 15-20 minutes.

Dominion Diamond swings to loss, names new chairman

The miner lost $11.6 million in the fiscal 2016, compared to a profit of $170.3 million in 2015.

Here’s how much Canadian miners are currently making

They are definitely making more than those working in forestry, manufacturing, finance and construction.